Hagerty Market Rating - March 2022
The Hagerty Market Rating uses a weighted algorithm to calculate the strength of the North American collector car market. How it's calculated.
76.83 as of March 2022*
Drivers of this month's change
<li>After jumping two points this month, the Hagerty Market Rating has reached a new all-time high. <strong>Hagerty market experts have rated this the hottest market in nearly a decade</strong>, as the Market Rating inches closer to "superheated".</li>
<li>More cars are exchanging hands than ever before. Private sales activity has never been higher and continued success by online auction platforms has kept auction activity at an all-time high.</li>
<li><strong>Values for all classic cars continue to rise</strong>. The Median Condition #3 value in the Hagerty Price Guide is at its highest piont ever. Owners of classic cars continue to take notice. Broad Market insured values set a new record after nearly 2 years of consecutive monthly increases.</li>
<li>However, a dark cloud is on the horiznon as <strong>macro-economic indicators dropped for the second straight month to it's lowest point since July 2021</strong>. How the classic car market will respond to current events remains to be seen.</li>
*The Hagerty Market Rating is updated on the 15th of each month or the prior business day.